Can Diamondcorp Plc’s Tomorrow be Different? The Stock Just Broke Its 52-Week Low

November 15, 2016November 15, 2016Adrian Mccoy

The stock of Diamondcorp Plc (LON:DCP) hit a new 52-week low and has GBX 0.45 target or 10.00% below today’s GBX 0.50 share price. The 8 months bearish chart indicates high risk for the GBX 2.39 million company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 0.45 price target is reached, the company will be worth GBX 239,000 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 75.61% or GBX 1.55 on November 15, hitting GBX 0.5. Diamondcorp Plc (LON:DCP) has declined 74.38% since April 14, 2016 and is downtrending. It has underperformed by 78.30% the S&P500.

Diamondcorp Plc (LON:DCP) Ratings Coverage

Out of 5 analysts covering Diamondcorp PLC (LON:DCP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Diamondcorp PLC has been the topic of 43 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Monday, November 7, the company rating was maintained by SP Angel. The stock has “Buy” rating given by Panmure Gordon on Tuesday, July 12. The firm earned “Buy” rating on Monday, September 28 by Northland Capital. SP Angel maintained Diamondcorp Plc (LON:DCP) rating on Friday, November 20. SP Angel has “Buy” rating and GBX 14 price target. SP Angel maintained the shares of DCP in a report on Wednesday, February 3 with “Buy” rating. Panmure Gordon maintained the shares of DCP in a report on Friday, November 20 with “Buy” rating. The company was reinitiated on Thursday, July 28 by Panmure Gordon. Panmure Gordon maintained Diamondcorp Plc (LON:DCP) on Tuesday, January 26 with “Buy” rating. The firm has “Buy” rating given on Tuesday, November 3 by Northland Capital. On Tuesday, August 9 the stock rating was maintained by Panmure Gordon with “Buy”.

DiamondCorp plc is a United Kingdom diamond producer. The company has a market cap of 2.39 million GBP. The Firm is operating the Lace Diamond Mine. It has a 2.56 P/E ratio. The Company’s Lace diamond mine is located approximately 200 kilometers southwest of Johannesburg in the Free State Province of South Africa.